Reading International (NASDAQ:RDI) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Reading International (NASDAQ:RDI) in a research report released on Wednesday. The brokerage issued a sell rating on the stock.

Reading International Stock Up 1.2 %

RDI stock opened at $1.66 on Wednesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 5.27. Reading International has a twelve month low of $1.53 and a twelve month high of $3.35. The company’s 50 day moving average is $1.82 and its two-hundred day moving average is $1.88. The stock has a market cap of $37.11 million, a P/E ratio of -1.20 and a beta of 1.59.

Reading International (NASDAQ:RDI) last released its quarterly earnings data on Friday, March 29th. The company reported ($0.56) earnings per share for the quarter. Reading International had a negative return on equity of 70.68% and a negative net margin of 13.77%. The company had revenue of $45.32 million for the quarter.

Institutional Trading of Reading International

A hedge fund recently raised its stake in Reading International stock. Wittenberg Investment Management Inc. increased its holdings in Reading International, Inc. (NASDAQ:RDI) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,501,598 shares of the company’s stock after acquiring an additional 46,586 shares during the quarter. Reading International makes up about 1.0% of Wittenberg Investment Management Inc.’s holdings, making the stock its 22nd biggest position. Wittenberg Investment Management Inc. owned 6.77% of Reading International worth $2,868,000 as of its most recent SEC filing. 44.70% of the stock is owned by institutional investors and hedge funds.

About Reading International

Reading International, Inc, together with its subsidiaries, focuses on the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand. The company operates in two segments, Cinema Exhibition and Real Estate. The Cinema Exhibition segment operates multiplex cinemas.